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Last Update: May 5, 2022

Real Estate Transactions

Welcome to LawShelf’s course on real estate transactions. In this course, we’ll discuss the purchase and financing of real estate, due diligence in real estate transactions, property ownership and rights and the unique challenges associated with common property ownership.

Actived: Just Now

URL: https://lawshelf.com/videocoursescontentview/real-estate-transactions/

Contracts for the Sale of Real Estate

(7 days ago) Contracts for the Sale of Real Estate. Every autumn, first-year law students are taught that land is “unique.” [1] Our legal system treats land distinctly from other types of property and contracts for the sale of land differently from other types of contracts. A real estate sale has two phases:

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Real Property Ownership: The Estate System and Future

(2 days ago) An estate is defined as an interest in real property. [1] Real property ownership and an owner’s abilities to transfer or use the land can vary depending on the interests that the owner possesses. The metaphor of “possession of a bundle of sticks” is commonly used to describe the different estates and interests.

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Common Real Estate Contract Provisions, Part 1

(Just Now) Common Real Estate Contract Provisions, Part 1. While the basics of real estate agreements and sales are covered in other presentations, this presentation will focus on common clauses in real estate contracts. We will discuss the natures of the clauses and their purposes. In the text below this video, we are including a link to a sample

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Common Real Estate Contract Provisions Part 2

(Just Now) Because real estate tax information is public record and is often available on the Internet or through easy inquiry, this clause is sometimes satisfied merely by stating that the tax information is public record. Provisions for Overstay/Leaseback. It is axiomatic that possession normally changes at closing.

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Foundations of Law

(7 days ago) The Estate System deals with the levels and types of ownership that are possible with regard to real property. It is based on the real property ownership system that existed during feudal times, and it has not developed much, in spite of the obsolescence of some of its aspects.

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Foundations of Law

(3 days ago) In the context of a real estate transfer contract, part performance generally means possession of the property by the transferee plus either partial payment by the transferee or improvements to the land that are made by the transferee. For example: Fred and Barney conclude an oral agreement whereby Fred agrees to sell Barney Slateacre for $100,000.

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Foundations of Law

(9 days ago) The transfer of real property, whether it is in the form of a gift or a sale, must be accomplished by the transfer of a written instrument that represents ownership of the property. This instrument is known as a “ deed ”. In a buy-sell real estate transaction, the transfer of the deed from the buyer to seller is known as the “ closing ”.

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Restraints on The Transfer of Real Property

(8 days ago) While ownership of real property allows you the right to do pretty much whatever you like with it, there are policy reasons to allow seller to attach too many strings to property's usage. It is against public policy to allow a seller to limit the economic viability of property well after it leaves her possession. This presentation looks at "restraints on alienation," which means limitations

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Real Estate Ownership & Property Rights-Module 4 of 5

(7 days ago) Module 4: Real Estate Ownership & Property Rights . Deeds and Legal Title. A person seeking to be the legal owner of a parcel of land must possess legal title. [1] A deed is a written instrument that conveys legal title to real property from one owner to another. [2] The deed must be a written document, according to the Statute of Frauds.

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Foundations of Law

(Just Now) 1. Riparian Doctrine. The Riparian doctrine, which is most popular in the eastern part of the United States, provides that the rights to water belongs equally to all the owners of lands that border the water source. The owner of property that adjoins the water is called a “riparian” owner. Therefore, none of the land owners may take action

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Law of Real Estate Transactions and Mortgages (RPL-101)

(9 days ago) Law of Real Estate Transactions and Mortgages (RPL-101) Course Description . This course discusses the purchase and financing of real estate, due diligence in real estate transactions, property ownership and rights, and the unique challenges associated with common property ownership. Also discussed in this course, is the role of a real estate

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Foundations of Law

(8 days ago) A transfer of an interest in real estate for more than one year must be in writing to be valid. Although the rules pertaining to the non-freehold estates (also known as “leaseholds”) will be dealt with in more detail in the chapter on landlord-tenant law, for purposes of comparison with the freehold estates, it is worthwhile to discuss the

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The Uniform Commercial Code and Contracts for the Sale of

(2 days ago) In contrast, real estate, services, and intangibles (such as intellectual property) are not “goods.” Several UCC provisions provide special rules for “merchants.” A “merchant” is a person that regularly deals in transactions involving certain types of goods or holds himself out as having special knowledge about those goods. [4]

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Fair Housing Act and the Sale of Real Estate

(3 days ago) Fair Housing Act and the Sale of Real Estate. FHA Effects on Real Estate. The Fair Housing Act makes it illegal to “refuse to sell… after the making of a bona fide offer, or to refuse to negotiate for the sale… or otherwise make unavailable or deny, a dwelling to any person because of race, color, religion, sex, familial status or national origin.”

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Real Estate Transactions

(9 days ago) Real Estate Transactions Syllabus and Study Guide, Page 2 Case Studies Many LawShelf video courses include case studies. These do not necessarily teach new material but are meant to demonstrate how the materials covered in the course are applied by various courts. Concepts covered in the case studies are covered on the final exam,

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Introduction to Real Estate Transactions-Module 1 of 5

(9 days ago) Real estate transactions take time and natural disasters can damage the property between contract and closing, which is when the transfer occurs. If there is no risk of loss provision in the agreement, the risk of damage falls on the buyer under the doctrine of “equitable conversion” since, once the contract is signed, the buyer is the

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Interests in Real Estate: Easements: Creation, Scope and

(5 days ago) An easement is a right to exercise limited ownership or use of another's property. This presentation introduces the viewer to the various types of easements and discusses how easements can be created. We will also focus on the scope of easements and how they are defined as well as the manner in which easements can be terminated.

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Common Real Estate Finance Methods

(3 days ago) Common Real Estate Finance Methods . Most people take out mortgage loans to help pay for real estate purchases just as people take out other loans to pay for other expenses. However, a mortgage arrangement is much more complex and nuanced than more common forms of consumer borrowing, which are often unsecured loans.

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The Role of Earnest Money in Contracts for the Sale of

(3 days ago) The author has seen real estate deals where as much as 10% of the purchase price was put down as earnest money. It depends on the custom of the region and also on the type of real estate transaction involved (commercial transactions often require higher deposits). Contingencies. Losing the earnest money is a terrible result for a buyer.

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Foundations of Law

(6 days ago) Property that is movable; i.e., not real estate. Lost Property: Property that has been left in an unknown location involuntarily but through no one's fault. The finder of lost property has title to the property against all the world except the true owner. Trespass to Chattels:

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Foundations of Law

(Just Now) The gross estate consists of the value of all property (real or personal, tangible or intangible) owned by a decedent or in which the decedent had an interest at the time of death. See I.R.C. § 2031 (a). Generally, assets are included in the gross estate at their fair market value on the date of the decedent’s death.

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Financing Real Estate Transactions-Module 2 of 5

(3 days ago) Because real estate typically appreciates, on average, at a rate of more than 5% per year,[1] low mortgage rates encourage home ownership since expected appreciation is often more than the mortgage interest paid for the investment. Moreover, except in the case of very expensive homes, mortgage interest qualifies as a Schedule A tax deduction

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The Government's Power of Eminent Domain to Condemn

(2 days ago) The Government’s Power of Eminent Domain. One of the most controversial and highly litigated real estate doctrines is the power of the state or federal government to take private land for public use under certain circumstances without the landowner’s consent. This power of the sovereign is called “eminent domain.”.

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Common Interest Property Ownership-Module 5 of 5

(3 days ago) Module 5: Common Interest Property Ownership . Common Ownership. A common interest property, or “community interest” property, is real estate where the owner, by virtue of his ownership of a partial interest or unit, must pay for the maintenance, improvement, insurance of common areas described in a declaration and administered by an association.

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Foundations of Law

(8 days ago) The termination of an easement based on the elapsing of the time for which the easement was originally scheduled to last. The termination of an easement that occurs when the person or entity who holds the easement acquires title to the servient tenement or when the same person attains ownership of both the dominant tenement and the servient

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LawShelf Educational Media Real Estate Transactions

(9 days ago) Real Estate Transactions Syllabus and Study Guide, Page 1 LawShelf Educational Media Real Estate Transactions The Real Estate Transactions course consists of a series of reading and video-watching assignments as set forth below. It is assessed by a final examination.

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Foundations of Law

(7 days ago) The adverse possession period in State X is 20 years. Owner owns Blackacre, a parcel of real estate in State X. Possessor moves onto Blackacre in 1990. In 2008, Owner tells Possessor that, unless he moves off Blackacre immediately, Owner will bring an ejectment action and have him thrown off the property.

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Foundations of Law

(8 days ago) Under the Statute of frauds, which has been enacted, in one form or another, in all 50 states, any contract for the transfer of an interest in real estate must be in writing to be enforceable. However, this only applies to transfers of interests that are to last for more than one year.

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Contract Law and the Writing Requirement: Agreements

(8 days ago) Real Property contracts are covered by the Statute of Frauds, and these include any contract for the sale of interest in real estate for more than one year. Thus, lease agreements for more than one year, mortgage agreements (that give security interests in land) and contracts that assign easements (if valid for more than a year), are all

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Income Tax Law: Taxation on Capital Gains

(Just Now) When we think of taxable "income," we generally think of earned income from a job or business. But income also includes gains from sales of property, including real estate, stocks and other investments. This presentation discusses the tax on capital gains, including an introduction to capital gains tax, calculating the amount realized and an explanation of the concept of …

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Foundations of Law

(Just Now) Dower was the provision the law made for a widow from the husband’s property. Upon the husband’s death, the widow was entitled to a life estate in an undivided one-third of the real property owned by the husband before marriage or acquired during the marriage. Curtesy:

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Residential Mortgages

(7 days ago) It discusses disclosures, document execution, closing procedure, consumer protection laws, default and foreclosure. This is an intermediate-level course and it is recommended that the viewer take LawShelf’s course entitled “Real Estate Transactions” before this one.

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Foundations of Law

(1 days ago) Donald is a budding real estate tycoon and has already acquired several buildings. Donald does not feel comfortable not having a written prenuptial agreement. Despite his qualms, Donald and Ivana agree to an oral prenuptial agreement in which they …

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Consumer Protection and Equal Opportunity in Real Estate

(3 days ago) The Real Estate Settlement Procedures Act . Congress passed the Real Estate Settlement Procedures Act in 1974 as a follow-up to the initial TILA legislation. [13] RESPA was passed to strengthen and standardize the disclosures required for the real estate closure and settlement process. Specifically, the law requires mortgage lenders, brokers

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Foundations of Law Self Quiz

(2 days ago) George and Lenny make an oral contract with Curley to buy five acres of farm land from Curley for $150,000. Before George and Lenny pay Curley and get title to the land, they build a corral for the cows they are going to keep, put up several rabbit hutches and chicken coops, build a grain silo and dig an irrigation ditch.

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